NEW YORK (TheStreet) -- Shares of Visa (V) ended Friday's regular trading session up 4.34% to $69.47 on heavy volume, following reports that the company is in talks buy its former subsidiary, according to Bloomberg.
Visa approached Visa Europe with price discussions ranging from $15 billion to $20 billion, Bloomberg reports.
In October of 2007, Visa Europe became an independent company and is a membership association of European members and other payment service providers.
San Francisco-based Visa is a payments technology company engaged in operating a processing network, VisaNet, which facilitates authorization, clearing, and settlement of payment transactions worldwide.
The company provides its services to consumers, businesses, financial institutions, and governments in more than 200 countries and territories for electronic payments.
Shares are down 0.1% to $69.40 in after-hours trading Friday.
About 18.27 million shares have exchanged hands as of 4:30 p.m. ET today, compared to its average trading volume of about 7.82 million shares a day.
Separately, TheStreet Ratings team rates VISA INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate VISA INC (V) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."